Old wine in a new bottle. That’s what I would call the new overdraft (OD) facility from ICICI Bank — ICICI Bank Insta FlexiCash facility. In this post, let’s find out about ICICI Insta FlexiCash facility in detail. Additionally, let’s see if there is merit in owning an OD facility. ICICI Bank Insta FlexiCash Overdraft… Continue Reading
The nationwide lockdown to prevent the spread of Covid-19 has affected the cashflows or income potential of many citizens. While it is painful to imagine the plight of daily wage earners, many in the organized sector have also struggled. Every day you can hear about the salary cuts or employee layoffs. And this is coming… Continue Reading
While the economy reels under the lockdown to prevent the spread of the novel coronavirus, many public sector banks have come out with Covid-19 personal loan schemes. Yes, Covid-19 is part of the nomenclature for these loan products. These loans can provide much needed cashflow relief to its existing customers. Most banks are offering these… Continue Reading
You need quick funds. You do not want to break your head to optimise your selection. Usually, in such cases, you approach your bank and see if it can give you a quick loan. In this post, let’s review a loan that is instantly available if you own a HDFC Bank credit card. By the… Continue Reading
You invest Rs 50,000 in stock market. Your investment doubles in 6 months. A 100% gain in 6 months is a reason to rejoice but something pinches you. Even though you made a 100% gain, it is not a big amount in absolute terms. Wish you had invested a bigger amount. You would have earned… Continue Reading
22-May Update — RBI has extended EMI moratorium on all term loans by another 3 months till 31-August-2020. Following RBI’s Covid-19 regulatory package, your bank may have provided you an option to not pay loan EMIs or credit card payment until May 31, 2020. As a borrower, should you opt for this? In this post, let’s… Continue Reading
It began with a small loan that you couldn’t repay on time. Then, you had to take another loan to repay the older one. Your spendthrift ways continued. You had credit cards and you kept making minimum payments and kept rolling over debt. Gradually, things started getting out of control. The high rate of interest… Continue Reading
You are struggling with your loans and credit card debt. And you don’t have just one loan. You have quite a few. Your cashflows don’t permit you to attack all of them at once. At the same time, you don’t want to let your cashflows affect your credit score in a big way. To put… Continue Reading
You must make a purchase or spend some money, but you don’t have the money. If we leave out informal options like hand loans from friends and family, you must fund the expense through credit. Let’s assume the amount is not big enough for you to go through the pain of applying for a secured… Continue Reading
If you are moving to one of the bigger cities such as Mumbai and Bengaluru, finding a cheap accommodation is not easy. Rentals can be quite high too. However, as a tenant, paying high rent is not the only problem. You need to put up a big security deposit with the landlord/owner too. In Mumbai,… Continue Reading